Federal Reserve Lost in Court - Must Disclose Bank Bailout info

Discussion in 'Stock Market' started by FireFly, Mar 19, 2010.

  1. Paulie
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    Paulie Platinum Member

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    Any kind of change that's actually going to make a positive difference is probably going to be accompanied by a wild ride of some sort.
     
  2. KissMy
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    KissMy Free Breast Exam

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    Latest FOIA blog about Fed Release.

    I want to know where are the documents. This court decision happened on the 19th. It is now the 28th. The court gave the Fed 5 days to release those documents & we have herd nothing for 9 days now. WHERE'S THE BEEF???
     
  3. KissMy
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    KissMy Free Breast Exam

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    I can't find the released documents anywhere & it has been 11 days. I smell Big Government & Big Media cover-up!
     
  4. FireFly
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    FireFly Bright F**ker

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    Robert Reich's Blog: Fed in hot water over secret bailouts - The Fed bailed out Bear Stearns without authorization from Congress or informing the public.

     
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  5. Terry
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    Terry Shut the $%$ Up!

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    OH damn, no wonder it is a news black out so far. They are all trying to cover their asses!

    I say this is a good reason to END THE FED!
     
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  6. KissMy
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    KissMy Free Breast Exam

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    OMG these bankers are corrupt. Fresh from these documents. News that Goldman knew years earlier that AIG would fail & took bets against them with money they did not even have in order to make big money when it went down & then helped take them down. Goldman did not disclose to the Fed or any regulator that it knew AIG would go down. Goldman quietly put its people into position to profit from their destruction using tax payer money & then helped destroy them by having them insure more toxic assets that Goldman also benefited from with bailouts instead of sounding alarms to regulators.
     
  7. antagon
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    antagon The Man

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    you dont think regulators knew about AIG too?
     
  8. KissMy
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    KissMy Free Breast Exam

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    You are probably right, the regulators probably knew. I was just kind of parroting what I heard on MSNBC.

    From what I have pieced together all the banks were operating under the assumption that all these toxic assets were going to be backed by the Government. This shadow backing was created by the Clinton administration when they allowed banks to create & sell bad loans to Fannie, Freddie & other government backed institutions like pension funds. This turned the entire banking system into a Government Sponsored Enterprise. This was all done to create affirmative action lending in order to not deny credit to anyone. Clinton moved his office to Harlem believing this would rebuild the inner cities & make him like a god to them.

    Wow, Now we have Government Sponsored Health Insurance. I can see the writing on the wall now.

    Socialism rewards a few very rich & poor at GREAT EXPENSE to many slaves & this quasi Government Sponsored Enterprise system is even worse. Man we are stupid, stupid, stupid.
     
    Last edited: Apr 2, 2010
  9. KissMy
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    KissMy Free Breast Exam

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    Last edited: Apr 2, 2010
  10. Neubarth
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    Neubarth At the Ballpark July 30th

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    Since I have long advocated the downsizing of the Big Banks and the exposure of the shenanigans that they have engaged in, I think it is wrong to try to link them to the FED as this judge has done. The subpoenas need to be issued for the accountants at the various banks and the FED needs to operate independent of corrupt government interference.

    I firmly believe in Executive privilege and I believe in FED privilege. There is integrity in the methods and the knowledge of the institution that have to be safeguarded or you destroy the strength of the institution.
     
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